Emerging Media Holdings, through its subsidiaries such as AMG (which operates a news and entertainment station), is controlling the television airwaves in the Republic of Moldova. The station has close to 100,000 subscribed users and over 90% of the cable TV operators in the country have signed contracts with the company. Recent statistical analysis of data collected by AGB ranks TV7 as the number two station in Chisinau, the capital city of Moldova.
The company has reported strong growth year over year, and as of May 9th 2008 has captured 29.47% of the captive audience in Moldova. This number represents an increase of more than 11% from the prior year. The strong increase in popularity is primarily attributed to the planned strategy of developing services and producing new, in-house TV programs. Another factor in their success has been the acquisition of Mediatopprim Ltd, which is the exclusive operator of Russian channel TNT programs in Moldova.
The success and popularity of the Emerging Media’s TV7 is paying off big for the company. Total revenue in 2007 amounted to $1,139,415, an increase of 91.6% from net revenue of $594,719 for the company in 2006. In their most recent SEC filings on May 8, 2008, the company’s revenues for the three month period ended March 31, 2008, increased by $103,288 or 50% to $309,077 as compared to $205,789 during the same period of 2007. This increase was due to higher sales, the performance of their advertising segment and continued strategy of developing services.
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